Kazakhstan inflation to be estimated by two-digit numbers - National Bank chairman
Astana. November 13. Kazakhstan Today - The chairman of the National Bank of the Republic of Kazakhstan does not exclude that inflation in Kazakhstan for the first time for the last 5 years following the results of the year will be estimated by two-digit numbers, Anvar Saydenov said today during interview, the agency reports. "Mid-annual and annual inflation will be at the levels that have developed by the end of September that is 10 % - mid-annual -15 % - annual inflation," A. Saydenov said, having confirmed, that inflation in Kazakhstan will be estimated by two-digit numbers for the first time for the last 5 years. The chairman of the National Bank reminded that monetary weight in Kazakhstan for 9 months of 2007 has grown by 21 % and monetary base "if to take October and compare it with the beginning of the year is at the same level - 1.5 trillion KZT." Therefore, monetary factors play its role, but still the system does not have much money so that it strongly influence the prices," the chairman of the National Bank explained.
Resourse: Kazakhstan Today